Intuitive Surgical, Inc. Cuts Sales, Surgery Forecasts, Hit by FDA Warning

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Intuitive Surgical Inc (ISRG.O) shares fell 11 percent after the company slashed its 2013 sales forecast due to disappointing demand for its da Vinci surgical robots and procedures, and said U.S. regulators had issued a warning letter after an inspection of its facilities in June. The company said it now expects 2013 revenue to be between flat and 7 percent higher. Three months ago, the company had predicted revenue growth at the higher end of its initial full-year forecast of 16 to 19 percent.

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